US revokes some licenses for exports to China’s Huawei

The U.S. has revoked some export licenses that allowed companies like Qualcomm to supply Chinese tech giant Huawei, adding pressure amid fears Huawei could be used for Chinese espionage. The move came after Republican lawmakers urged blocking all exports to Huawei following its release of a new Intel-powered computer. China vowed to safeguard the rights of its firms, calling the U.S. restrictions “economic coercion.”